Trending Coins for Today, September 2: CYBER, SAKAI, PEPE, NFAI, and BTC

Some volatility has visited the crypto market over the past seven days. However, this wasn’t very favorable for some cryptocurrencies, as the volatility sent them spiraling downward. This has been reflected to some extent on this week’s trending coins list, as Bitcoin moved from the second position last week to the fifth position this week.

CyberConnect (CYBER)

Major Bias: Bearish

The CyberConnect token has retained the top spot on this week’s list of trending coins. This coin remained in the top spot with a market capitalization of $80.6 million and a trading volume of $1.2 billion. Meanwhile, it has gathered upside traction of 102.79% over the past seven days and has seen a price decline of 31% in today’s trading.

Looking at the hourly market, it can be seen that there was a price surge earlier this week. This seems to have awakened the interest of bear traders, who took the opportunity to take some profits from this market. Consequently, this has placed price action in this market below the 9- and 21-day Smooth Moving Average (SMA) lines. However, the ongoing session shows that buyers are making attempts to abate the downward retracement. The lines of the Relative Strength Index indicator seem to be trying to begin rising upward. At this point, bullish traders may assume that bears are exhausted, and an upside correction may occur towards the $8.50 price mark.

Current Price: $7.68
Market Capitalization: $80.6 million
Trading Volume: $1.2 billion
7-Day Gain/Loss: 102.80%

Sakai Vault (SAKAI)

Major Bias: Bullish

The Sakai Vault token has appeared in the second spot on this week’s list of trending coins. However, from the looks of the token’s metrics, it hasn’t been that active over the past seven days. The SAKAI token has a market capitalization of $2.6 million, a price decline of 8.24% over the past seven days, and a price increase of 2.38% in today’s trading session, while as of the time of writing, it has seen a self-reported trading volume of $1.5 million.

Furthermore, the price chart of this token revealed that the token’s price action has ramped through the resistance at the 9- and 21-day SMA lines and the 78.60 Fibonacci Retracement level. Additionally, this market seems to have a good prospect in the short term, as the RSI indicator is hinting that more upside momentum may be developing. This could be observed as the lines of this indicator have just delivered an upside crossover. Consequently, traders can anticipate that the upside correction will extend towards the $1.350 mark.

Current Price: $1.286
Market Capitalization: $2.6 million
Trading Volume: $1.50 million
7-Day Gain/Loss: 8.24%

Pepe (PEPE)

Major Bias: Bearish

PEPE has re-entered this week’s list of the top trending coins after being displaced from it last week. It entered this week’s list in the 3rd position with a market capitalization of $310.9 million and a daily trading volume of $70.51 million. Furthermore, Pepe has seen a price decline of 9.28% over the past 7 days and a further decline of 2.98% today.

The market chart of this token has further revealed that its price action has been bearish. However, recent price movement in this market managed to stay off the 100 level of the Fibonacci Retracement tool as a support, but still below the 9- and 21-day SMA lines. At the same time, the RSI indicator line continues to rise generally towards the 50 level of the indicator. There is nothing much to expect from this market, but at least the perceived upside correction may extend towards the $0.000000080000 mark.

Current price: $0.000000080000
Market Capitalization: $310.9 million
Trading Volume: $70.51 million
7-Day Gain/Loss: 9.28%

 

Not Financial Advice (NFAI)

Major Bias: Bearish

The Not Financial Advice token has managed to remain on the list of the top five trending coins over the past seven days. Over the week, NFAI has gained an upside traction of 33.38%, while today has offered a traction decline of 2.98%. This token has also witnessed a self-reported market capitalization of $10.22 million and a trading volume of $1.33 million today.

The market chart of this token shows that it was recently launched and seems to have little trading history, as we have to zoom down to a time frame of 30 minutes. The price action on this chart seems to remain at its first recorded low. This has placed the price of this token just above the 100 Fibonacci Retracement level as a support, which stands significantly below the 9- and 21-day SMA lines. Nevertheless, the support reached seems quite strong, as there hasn’t been a further decline beyond this level. Therefore, traders can anticipate a correction towards the $0.0001428 price mark.

Current price: $0.00001057
Market capitalization: $10.22 million
Trading volume: $1.33 million
7-Day Gain/Loss: 33.38%

Bitcoin (BTC)

Major Bias: Bearish

In the last position on this week’s list of trending coins is the king of crypto, Bitcoin. BTC stands in the fifth position with a trading volume of $505 billion, a daily trading volume of $15.70 billion, and a 0.51% price decline over the week, while today has brought a minimal profit of just 0.36%.

The daily market chart for BTC has revealed that the previously mentioned price volatility that visited the crypto market earlier this week has had a negative impact on this token. However, headwinds have been restrained above the $25,700 price mark. Nevertheless, price action remains under the SMA lines, while the RSI indicator lines continue to fall towards the 50 mark of the indicator. Consequently, this offers a bearish tone to this market, and as a result, traders may anticipate that price action may soon fall through the mentioned 25,700 support.

Current Price: $25,742
Market Capitalization: $505 billion
Trading Volume: $15.70 billion
7-Day Gain/Loss: 0.51%

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